6940 Rich Avenue presents a significant redevelopment opportunity in the heart of Old Town Newark, one of the East Bay's most accessible and evolving mixed-use districts. The approximately 0.92-acre site is positioned for residential or mixed-use development and benefits from zoning that supports residential densities ranging from approximately 30 to 100 dwelling units per acre. The site's development potential, combined with its central location, offers investors and developers an opportunity to capitalize on continued housing demand throughout the Bay Area. Located within Newark's historic downtown area, the property is surrounded by a growing mix of residential, retail, dining, and neighborhood-serving commercial uses. Residents benefit from convenient access to shopping destinations including Costco, Safeway, Sprouts Farmers Market, Grocery Outlet, and 99 Ranch Market, along with numerous restaurants and service businesses throughout the surrounding area. Newark's network of parks, recreation facilities, and community amenities further enhances the appeal of the location for future residential development. The property also benefits from excellent regional connectivity. Newark is strategically positioned between Silicon Valley and the East Bay, with convenient access to Interstate 880, State Route 84, the Dumbarton Bridge, and major employment centers throughout Fremont, Palo Alto, Menlo Park, and the broader technology corridor. Strong employment fundamentals, continued housing demand, and proximity to major job centers support the long-term development potential of the site. With flexible zoning and a location within one of the Bay Area's key growth corridors, 6940 Rich Avenue presents a compelling opportunity for future residential or mixed-use development.